A new web-based application could lead to considerable risk assessment savings in the oil and gas industry.

Tischuk International has developed a pay-per-use version of its T-REx inspection software which can be accessed through its website.

It claims it could save clients £100,000 in up-front licensing costs.

John Tischuk, international technical director at the Aberdeen company, said: "There is no doubt that in the past the up-front cost of licensing has been a barrier for some companies. With pay per use, we have eliminated that barrier."